Wednesday
Tuesday
we at CA thanks Sanjay Kumar for f$%k us all !
Computer Associates Ex-CEO Pleads Guilty to Business Fraud
by The Associated Press4/25/2006 —
Sanjay Kumar, the former CEO of Computer Associates International Inc., pleaded guilty on Monday to obstruction of justice and securities fraud charges in a massive accounting scandal at the Long Island-based software company.
According to a 2004 indictment, Kumar was so involved with adding false revenue to a financial quarter even after it closed that he flew on a corporate jet to Paris in July 1999 to finalize a $19 million deal and signed a contract that had been backdated.
The indictment also charged that executives instructed salespeople to complete deals after the quarter had closed -- a practice known within the company as the "35-day month" -- and "cleaned up" contracts by removing time stamps from faxes.
"Your honor, my conduct was wrong. I take responsibility for participating in this practice, and I apologize for my actions," Kumar told the judge, referring to the accounting fraud.
The company's former head of worldwide sales, Stephen Richards, pleaded guilty to the same charges in federal court in Brooklyn. He and Kumar left the courthouse without speaking to reporters.
The guilty pleas "are a culmination of the government's successful investigation into a culture of corruption and fraud at Computer Associates," U.S. Attorney Roslynn Mauskopf said in a statement.
Five other top executives had previously pleaded guilty.
Kumar, 44, and Richards, 41, remain free on $5 million bond while awaiting their Sept. 12 sentencing. The law allows a maximum sentence of 20 years in prison for the offenses, but the term could be substantially less under federal sentencing guidelines.
Kumar also is a co-owner of the New York Islanders hockey team.
Computer Associates, which makes software and storage systems for large corporations, agreed in 2004 to pay $225 million to shareholders in a settlement letting it defer criminal prosecution. An outside monitor is tracking its financial reporting, and the company is reviewing past financial filings. Computer Associates would face no prosecution if it follows terms of the deferral agreement for 18 months.
Computer Associates restated its financial results from 2000 and 2001 to reflect $2.2 billion in revenue that was improperly booked.
During the company's fiscal year 2000, it "prematurely recognized" more than $1.4 billion in revenue from at least 116 contracts that had not yet been signed, the Securities and Exchange Commission said.
The Islandia, N.Y.-based company has said it had billions of dollars in annual revenue in the late 1990s. Reported revenues plunged after the company changed its accounting practices in the face of increased outside scrutiny.
After the FBI began investigating the company in 2002, Kumar and Richards orchestrated a cover-up that involved lying under oath about the "35-day month" and other frauds and trying to buy the silence of a potential witness, authorities said.
You can contact The about "Computer Associates Ex-CEO Pleads Guilty to Business Fraud" at editor@redmondmag.com.
Saturday
CA recently outsourced too ARINSO
As previously announced, CA recently signed a contract with ARINSO International, a leading global provider of HR business solutions. ARINSO will provide HR Services worldwide including service center operations for HR-related requests, benefits and leave administration, end-to-end recruitment services in North America, tuition assistance and employee data and file management.
Over the next few weeks, we will be providing additional details including contact information for the new HRSC and ‘what you can expect' in the subsequent phases of our implementation. In the interim, if you have any questions, please contact your local HR representative.
What HR representative ?
CA selects ARINSO for global HRO & recruitment process outsourcing
New York, Brussels, December 19, 2006ARINSO International (Euronext Brussels: ARIN), a leading provider of HR Technology Consulting & Outsourcing Services, announced today that it has been selected by CA, Inc. ('CA') one of the world's largest information technology (IT) management software companies, to provide global HRO services and outsourced recruitment. ARINSO will support these administrative processes from its HR Shared Service Centers in the Americas, Asia Pacific and Europe.
The agreement with CA spans a period of five years and covers HR administration in over 30 countries globally and Recruitment Process Outsourcing (RPO) in North America. The agreement with CA has a total contract value of over USD $60 million and confirms ARINSO's position as a global HRO service provider. It also demonstrates ARINSO's expertise in key HR processes, such as recruitment and HR administration.The global HRO solution provided by ARINSO will serve over 15,000 CA employees and will enable CA to enhance the administrative and transactional services to internal customers by rolling out innovative self-service functionality. Services will be provided by four regional HR Shared Service Centers; the Americas will be serviced by centers in Atlanta (US) and in Buenos Aires (Argentina), the center in Katowice (Poland) will service the EMEA region, and the fast growing Asia Pacific region will be serviced by a center in Manila (Philippines)."CA selected ARINSO for its strong expertise with SAP and its ability to work with us to simplify and standardize our HR business processes globally," said CA's Executive Vice President of Human Resources, Andy Goodman. "This new HR model will allow us to maximize the strategic value of CA's HR professionals and provide more value-added services to our internal customers."The North America RPO solution will enable CA to outsource the annual processing of over 20,000 candidates and the recruitment of over 1,000 applicants, based on a unique concept of 'no placement, no payment.' ARINSO has partnered with the Professional Recruitment Outsourcing unit of Philadelphia-based CDI Corporation (NYSE: CDI) to support CA's recruitment activities in the U.S. and Canada. The recruitment solution from VURV Technology will be used as the technology platform for recruitment efforts."Offering the right technology foundation and the most efficient delivery services to support vital HR processes, on a global basis, that's what we are all about at ARINSO," said Ignacio Palomera, President of ARINSO US.
INFORMATION FOR EDITORS CONTACT:ARINSO InternationalMichael CustersMarketing & Communications
Managermichael.custers@arinso.comPhone: +32 2 558 06 70
About ARINSO International ARINSO International (Euronext Brussels: ARIN) is a global HR Services partner offering comprehensive HR business solutions to the world's largest employers. ARINSO is dedicated to HR Excellence through Strategic Consultancy, Outsourcing Services and Technology Integration Services.
ARINSO was founded in 1994 and employs over 2,500 staff in 25 countries, including Argentina, Australia, Austria, Belgium, Brazil, Canada, Finland, France, Germany, Italy, Luxembourg, Malaysia, Mexico, Morocco, the Netherlands, the Philippines, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, Thailand, the United Kingdom & the United States.About CA CA (NYSE: CA), one of the world's largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://ca.com/.
Over the next few weeks, we will be providing additional details including contact information for the new HRSC and ‘what you can expect' in the subsequent phases of our implementation. In the interim, if you have any questions, please contact your local HR representative.
What HR representative ?
CA selects ARINSO for global HRO & recruitment process outsourcing
New York, Brussels, December 19, 2006ARINSO International (Euronext Brussels: ARIN), a leading provider of HR Technology Consulting & Outsourcing Services, announced today that it has been selected by CA, Inc. ('CA') one of the world's largest information technology (IT) management software companies, to provide global HRO services and outsourced recruitment. ARINSO will support these administrative processes from its HR Shared Service Centers in the Americas, Asia Pacific and Europe.
The agreement with CA spans a period of five years and covers HR administration in over 30 countries globally and Recruitment Process Outsourcing (RPO) in North America. The agreement with CA has a total contract value of over USD $60 million and confirms ARINSO's position as a global HRO service provider. It also demonstrates ARINSO's expertise in key HR processes, such as recruitment and HR administration.The global HRO solution provided by ARINSO will serve over 15,000 CA employees and will enable CA to enhance the administrative and transactional services to internal customers by rolling out innovative self-service functionality. Services will be provided by four regional HR Shared Service Centers; the Americas will be serviced by centers in Atlanta (US) and in Buenos Aires (Argentina), the center in Katowice (Poland) will service the EMEA region, and the fast growing Asia Pacific region will be serviced by a center in Manila (Philippines)."CA selected ARINSO for its strong expertise with SAP and its ability to work with us to simplify and standardize our HR business processes globally," said CA's Executive Vice President of Human Resources, Andy Goodman. "This new HR model will allow us to maximize the strategic value of CA's HR professionals and provide more value-added services to our internal customers."The North America RPO solution will enable CA to outsource the annual processing of over 20,000 candidates and the recruitment of over 1,000 applicants, based on a unique concept of 'no placement, no payment.' ARINSO has partnered with the Professional Recruitment Outsourcing unit of Philadelphia-based CDI Corporation (NYSE: CDI) to support CA's recruitment activities in the U.S. and Canada. The recruitment solution from VURV Technology will be used as the technology platform for recruitment efforts."Offering the right technology foundation and the most efficient delivery services to support vital HR processes, on a global basis, that's what we are all about at ARINSO," said Ignacio Palomera, President of ARINSO US.
INFORMATION FOR EDITORS CONTACT:ARINSO InternationalMichael CustersMarketing & Communications
Managermichael.custers@arinso.comPhone: +32 2 558 06 70
About ARINSO International ARINSO International (Euronext Brussels: ARIN) is a global HR Services partner offering comprehensive HR business solutions to the world's largest employers. ARINSO is dedicated to HR Excellence through Strategic Consultancy, Outsourcing Services and Technology Integration Services.
ARINSO was founded in 1994 and employs over 2,500 staff in 25 countries, including Argentina, Australia, Austria, Belgium, Brazil, Canada, Finland, France, Germany, Italy, Luxembourg, Malaysia, Mexico, Morocco, the Netherlands, the Philippines, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, Thailand, the United Kingdom & the United States.About CA CA (NYSE: CA), one of the world's largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://ca.com/.
America is Losing IT and Other Technical Jobs To Outsourcing At An Alarming Rate....
THIS ISN'T A SHIRT OR A TOY, this is YOUR bank accounts, credit and personal information, in a foreigners hands.
How easy would it be for terrorists to get this information ?
Would a non-American think twice about selling this information to the wrong person ? Don't do business with companies that outsource....
Dump their stock, tell them you won't do business with them because they outsource.
Write to Congress, your state Senator, the President and ask them why companies are allowed to import cheap labor on L1/H1 Visa's when there is an American needing that job. Ask Why American workers are being forced to train their cheaper replacement and then laid-off.
Ask why your personal information; credit, banking and health info is in the hands of foreigners.
Billions in lost tax revenue, many livelihoods destroyed. So what can you DO ABOUT OUTSOURCING ?
http://www.nojobsforindia.com/
How easy would it be for terrorists to get this information ?
Would a non-American think twice about selling this information to the wrong person ? Don't do business with companies that outsource....
Dump their stock, tell them you won't do business with them because they outsource.
Write to Congress, your state Senator, the President and ask them why companies are allowed to import cheap labor on L1/H1 Visa's when there is an American needing that job. Ask Why American workers are being forced to train their cheaper replacement and then laid-off.
Ask why your personal information; credit, banking and health info is in the hands of foreigners.
Billions in lost tax revenue, many livelihoods destroyed. So what can you DO ABOUT OUTSOURCING ?
http://www.nojobsforindia.com/
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